Business
Origin slashes Qld drilling as soft gas market bites – The Australian Financial Review
The reduction in drilling rates at the Australia Pacific LNG venture comes as Shell took another write-down at its Prelude LNG project, underscoring the hit to…
Origin’s Australia Pacific LNG venture with ConocoPhillips and Sinopec has only drilled 23 wells this financial year compared with 95 at the same time last year, according to analysis by adviser EnergyEdge, which raised concerns about the impact on future production levels.
“While this is unlikely to materially impact the production from their facilities during this year, if this type of minimisation of drilling program were to continue, it would hamper the ability for the business to sustain gas…
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